Property News · February 28, 2017

Hong Kong’s biggest landowners usurped by mainland developers


Hong Kong’s largest private landowners and apartment builders have been usurped by capital from north of the border, as mainland Chinese developers snapped up choice land plots to become the new landlords in the city, according to data by a property consultant.
Seven developers — controlled by Hong Kong’s richest men — used to win 45 per cent of all residential land sites sold in the city as recently as in 2012. That ratio halved to 22 per cent by last year, according to data by…

Source : South China Morning Post
Read more…Hong Kong’s biggest landowners usurped by mainland developers

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